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Jury Clears Apple In $94M Patent Suit Over IPhones, IPads

Apple Inc. triumphed in GPNE Corp.'s $94 million patent trial Wednesday when a California federal jury unanimously found that the tech titan's iPhones and iPads didn't infringe two data-communications patents, though Apple failed to convince jurors that those patents are invalid.

  • Fifth Street Pulls Plug On IPO Amid Market Volatility

    Fifth Street Asset Management Inc. called off its plans Wednesday to raise nearly $240 million in an initial public offering, citing bumpy market conditions and continued volatility for new issuers.

  • BGC Partners Goes Hostile With $675M Bid for GFI Group

    BGC Partners Inc. said Wednesday it has launched a $675 million hostile takeover bid on for rival brokerage and trade services provider GFI Group Inc. after talks between the companies failed to result in a deal.

  • Mylan Signals $5.3B Abbott Inversion On Track After Tweaks

    Mylan Inc. and Abbott Laboratories said Wednesday that new limitations imposed by the Obama administration on tax-motivated M&A wouldn't derail their planned $5.3 billion inversion deal, though they did modify the terms of the transaction.

  • 2nd Circ. Affirms Ex-Mayer Brown Partner's Refco Fraud Rap

    The Second Circuit on Wednesday upheld the conviction and one-year sentence of former Mayer Brown LLP partner Joseph Collins, who was charged with aiding client Refco Inc.’s $1 billion accounting fraud.

  • Apple Slams GPNE's 'Extreme' $94M Patent Bid

    Apple Inc. bashed GPNE Corp.’s $94 million damages demand as “extreme” and “unreasonable” Tuesday during closing arguments in GPNE’s trial accusing Apple of selling millions of iPhones and iPads that infringe two data-communications patents, telling a California federal jury that Apple should pay nothing.